Kinsale Capital Group (KNSL) to Release Quarterly Earnings on Thursday

Kinsale Capital Group (NYSE:KNSL - Get Free Report) is expected to announce its earnings results after the market closes on Thursday, April 24th. Analysts expect Kinsale Capital Group to post earnings of $3.16 per share and revenue of $425.73 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Kinsale Capital Group (NYSE:KNSL - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $4.62 EPS for the quarter, topping the consensus estimate of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The business had revenue of $412.12 million for the quarter, compared to the consensus estimate of $418.32 million. On average, analysts expect Kinsale Capital Group to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Kinsale Capital Group Trading Up 0.7 %

KNSL traded up $3.36 during trading on Friday, reaching $487.01. 88,133 shares of the company's stock were exchanged, compared to its average volume of 175,200. The firm has a fifty day moving average price of $459.06 and a two-hundred day moving average price of $462.94. The stock has a market capitalization of $11.34 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 1.66 and a beta of 1.16. Kinsale Capital Group has a one year low of $355.12 and a one year high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a $0.17 dividend. This is a boost from Kinsale Capital Group's previous quarterly dividend of $0.15. The ex-dividend date was Thursday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 0.14%. Kinsale Capital Group's payout ratio is currently 3.82%.

Analysts Set New Price Targets

Several brokerages have commented on KNSL. JPMorgan Chase & Co. cut their target price on Kinsale Capital Group from $415.00 to $412.00 and set a "neutral" rating on the stock in a report on Friday, January 3rd. Truist Financial lifted their price objective on Kinsale Capital Group from $480.00 to $525.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Royal Bank of Canada reissued a "sector perform" rating and set a $500.00 target price on shares of Kinsale Capital Group in a research report on Tuesday, February 18th. JMP Securities restated a "market perform" rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on shares of Kinsale Capital Group from $535.00 to $520.00 and set an "overweight" rating for the company in a research report on Friday, February 14th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $468.56.

About Kinsale Capital Group

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company's commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.